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Technology Stocks : Boeing keeps setting new highs! When will it split? -- Ignore unavailable to you. Want to Upgrade?

To: Chip Roos who wrote (2154)	3/8/1999 11:39:00 AM
From: Gordon Gekko	Read Replies (1) \| Respond to of 3764

No problem with her salary and bonus but sure wish the bonus was tied to something more than Ms. Hopkins good looks. Obviously you haven't seen a picture of Hopkins. Trust me, any bonus she receives will be strictly based on performance. GG

To: Chip Roos who wrote (2154)	3/8/1999 5:25:00 PM
From: campe	Respond to of 3764

Here's the "Rest of the Story"...I doubt that all 45,000 getting a loy-off will get a similar deal. 03/05 18:29 Boeing gave executive $1.4 million severance deal SEATTLE, March 5 (Reuters) - Former Boeing Co. commercial airplane group President Ron Woodard negotiated a severance agreement worth more than $1.4 million when he was ousted from his post last year, according to documents released Friday. Woodard, a 32-year Boeing veteran, was dismissed Sept. 1 after presiding over production problems that cost the company a staggering $3 billion in 1997 and 1998. According to the company's 10-K annual report to the Securities and Exchange Commission, Boeing agreed to pay Woodard a lump sum of $900,000 and consulting fees of $19,000 a month for two years to settle any claims arising from the termination, described for legal reasons as a "layoff." Woodard also got medical benefits for one year, financial counseling, a $43,000 reimbursement for tax liabilities, and he got to keep his company car. Boeing also disclosed it paid a signing bonus of $750,000 in cash and granted more than $2 million worth of stock to its new chief financial officer, Deborah Hopkins, who joined the company in December 1998 from General Motors Corp. She was guaranteed salary and bonus of $810,000 in 1999 plus stock options and other benefits. The annual report also disclosed that Boeing won a summary judgment in a federal tax case in which it sought a refund of more than $446 million plus interest. Boeing had disputed the way the Internal Revenue Service allocated more than $1 billion in research and development costs for the tax years 1979 through 1987. In a ruling issued in September 1998 but not previously disclosed, a federal judge in Seattle agreed that the company had correctly applied the research spending to specific airplane programs to claim tax benefits related to exports. The Department of Justice has appealed the case. Boeing said any financial impact would depend on final resolution of its tax audits.